Black Cat Syndicate allocates $30-35M for exploration program
- Black Cat Syndicate allocated $30–$35 million to its FY27 exploration and resource growth strategy.
- The funding commitment supports ongoing underground and surface drilling across three core project areas.
- The company aims to extend mine life and expand processing capacity to 1.5 million tonnes per annum.
Black Cat Syndicate (ASX:BC8) allocated $30–$35 million to its FY27 exploration programme to expand resource growth across its Paulsens, Kal East, and Coyote projects.
The commitment follows operational progress in FY26, including ramping up two operating mines and securing an updated processing facility.
“FY27 will see both operations ramping up to capacity, supported by one of our largest discovery and growth programmes to date,” said Black Cat Syndicate Managing Director Chris Stone.
Planned spending includes $13-$15 million at Paulsens, $13-$15 million at Kal East, and $4–$5 million for near-mine drilling at Coyote Central.
The strategy focuses on resource conversion and extension to lengthen mine life across key operating assets.
Following the announcement, the Black Cat Syndicate share price was unchanged at $0.97.
At Kal East, regulatory approval increased the Lakewood processing plant capacity to 1.5 million tonnes per annum from 1.2 million tonnes.
Recent activities included completed Phase 1 drilling programmes at Trojan and Coyote, alongside active drilling at the Belvedere target.
